R33 - Nonagricultural and Nonresidential Real Estate MarketsReturn

This paper describes the situation in which can be currently found developers on the Czech real estate market. The article focuses on analysis of four fundamental phenomena that simultaneously take place. Meaning impacts of the sub-prime mortgage crisis that started in United States of America, strengthening of the Czech crown, increase of build costs and an increase of real estate yield, through which most of the real estate projects are being evaluated. The described phenomena are illustrated on a model example of a project.